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ltz · 4346 days ago · link · · parent · post: In 1999, Trump proposed a one-time tax on the net worth of the rich as a solution to the country's national debt.
This is a horrible idea, as it sets a precedent for "one time taxation". Basically setting a trend that if the government were to ever find itself in such a horrible position again, it would just go ahead and go for that one time tax again. When might that need to happen again? 20 years or maybe 50 years down the road? The US government has a horrible track record of maintaining a surplus.